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. harry reid wants to go after oil and gas companies and lord knows what. that kind of tax carpet bombing would generate a correction in the market. the market absorbed the last tax hike okay. but we don't want to push our luck, it seems to me. >> i think we're pushing our luck already. the market has yet to wake up to the reality of the last tax hike. the problem is obama puts the threats out because this is his way of premeg nating with republicans who are going to come to him in the debate about the sequesters and continuing resolution. obama is saying, don't even talk to me about entitlement reforms. if you oh mention those words it will be tax, tax, tax. i will control the public dialogue and that's all we'll e talk about. guys, fold your cards now. that's what this is about. i don't think there will be more tax hikes this year. there's also not going to be spending reform. all the talk about tax hikes is obama's way of making sure that america doesn't deal with its true problem which is its spending problem. >> i will cross that bridge when i get to it. dave goldman, this didn't hav
targeted smart cuts. where does it fail? in the united states senate. harry reid can't lead a senate to doing fiscally responsible things. >> or anything. >> i'm not sure i understand what you were saying. if you're indicating that the republicans should go out and say they support the sequester, think you were saying the same thing. that's political suicide for them. even though it may be the right thing what happens is once the sequester takes effect if there are layoffs and people rebel against it, republicans are solely owning that. they are responsible for that. >> it's the president's idea. the white house came up with it. >> the republicans are saying they want the sequester. >> the president threatened to veto. they said we want to undo part of the sequester. the president said, i will veto that if you do. he's completely changed his tune. he's flip-flopping all over the place. this is his sequester. he came up with with it, signed it into law and republicans are saying, remember, this whole sequester is from the 2011 -- this is two-year-old spending cuts. we need to cut spen
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